Heartland Bank & Trust Co Decreases Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Heartland Bank & Trust Co reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,964 shares of the transportation company’s stock after selling 189 shares during the quarter. Heartland Bank & Trust Co’s holdings in United Airlines were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. BNP Paribas bought a new stake in United Airlines during the first quarter valued at $25,000. Fidelis Capital Partners LLC bought a new stake in United Airlines during the first quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines during the second quarter valued at $30,000. Crewe Advisors LLC bought a new stake in United Airlines during the first quarter valued at $32,000. Finally, GoalVest Advisory LLC bought a new stake in United Airlines during the first quarter valued at $33,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

United Airlines stock opened at $73.45 on Thursday. The stock’s 50 day simple moving average is $53.39 and its two-hundred day simple moving average is $50.35. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 0.89 and a beta of 1.44. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $74.96.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. During the same period in the previous year, the firm posted $3.65 EPS. As a group, analysts expect that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.

United Airlines announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UAL shares. Morgan Stanley lifted their price target on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Sanford C. Bernstein lifted their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Bank of America lifted their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Barclays lifted their price target on United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, TD Cowen lifted their price target on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Transactions at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.63% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.